If you’re facing financial difficulties, it’s important to consider all of your options, including bankruptcy, and to speak with a Utah bankruptcy attorney early in the process who can help you understand your options and make the best decision for your situation.
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Involuntary Bankruptcy: Utah Bankruptcy
Involuntary bankruptcies are relatively rare in Utah and are typically only used in situations where creditors believe that the debtor is purposely avoiding their obligations or engaging in fraudulent behavior.
Discharge: Utah Bankruptcy
It’s important to note that the Utah bankruptcy discharge is not automatic and there are specific requirements that must be met in order to obtain it.
Can my bankruptcy be reversed?
There are also time limits for when someone can file a request to have your discharge reversed. Depending on which chapter of bankruptcy you have filed, the deadline is generally a year after your case was discharged, or a year after the case was closed. If the court revokes your bankruptcy discharge, you’ll remain liable for any previously discharged debts. Also, if you committed fraud or otherwise abused the bankruptcy system, you might have to pay fines, forfeit assets, or face criminal prosecution
3 Tips for Finding the Right Utah Bankruptcy Attorney
Often bankruptcy attorneys offer consultations at low or no cost. A consultation gives you the opportunity to ask the lawyer any questions you have about filing bankruptcy. Scheduling a consultation does not mean that you are hiring them to file your case; simply that you are feeling things out, so it’s a great chance to evaluate if you want to continue working with them
Bankruptcy with car loan
Filing bankruptcy with car loan can be a complex process for the unwary. If you are trying to keep a car during the bankruptcy process then you really should hire a bankruptcy attorney with experience helping people keep their cars in bankruptcy. There are a few different options within a Chapter 7 bankruptcy if you… Continue reading Bankruptcy with car loan
Bankruptcy with no income
There is no income requirement to file for Chapter 7 bankruptcy. Being unemployed with no income makes it easier for you to qualify for a Chapter 7 bankruptcy. This kind of bankruptcy can offer you a new start if you are under employed or after a loss of employment and for the most part your… Continue reading Bankruptcy with no income
What bankruptcy wont cover
If you are considering bankruptcy you are most likely look at all your options – that’s smart. It seems to easy to find out the pros of bankruptcy like what a bankruptcy will cover but what won’t cover is the next logical question. What bankruptcy wont cover are nondischargeable debts. In the world of bankruptcy… Continue reading What bankruptcy wont cover